Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by ESG Planning DBA Harper Investing

ESG Planning DBA Harper Investing reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,088 shares of the information services provider’s stock after selling 2,911 shares during the period. Alphabet comprises about 2.5% of ESG Planning DBA Harper Investing’s holdings, making the stock its 10th largest holding. ESG Planning DBA Harper Investing’s holdings in Alphabet were worth $3,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GOOGL. Brown Brothers Harriman & Co. boosted its stake in shares of Alphabet by 6.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 577,953 shares of the information services provider’s stock valued at $109,407,000 after purchasing an additional 33,125 shares during the period. Troy Asset Management Ltd lifted its holdings in Alphabet by 17.4% during the 4th quarter. Troy Asset Management Ltd now owns 2,323,972 shares of the information services provider’s stock worth $439,928,000 after buying an additional 343,838 shares in the last quarter. RiverFront Investment Group LLC boosted its position in Alphabet by 14.0% in the 4th quarter. RiverFront Investment Group LLC now owns 8,900 shares of the information services provider’s stock valued at $1,685,000 after buying an additional 1,090 shares during the period. Horizon Investment Services LLC grew its stake in shares of Alphabet by 1.6% in the fourth quarter. Horizon Investment Services LLC now owns 47,735 shares of the information services provider’s stock worth $9,036,000 after acquiring an additional 750 shares in the last quarter. Finally, DnB Asset Management AS grew its stake in shares of Alphabet by 4.1% in the fourth quarter. DnB Asset Management AS now owns 7,951,657 shares of the information services provider’s stock worth $1,505,249,000 after acquiring an additional 315,138 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $145.60 on Monday. Alphabet Inc. has a 52 week low of $145.38 and a 52 week high of $207.05. The company has a 50-day moving average price of $175.15 and a 200 day moving average price of $176.93. The company has a market cap of $1.77 trillion, a P/E ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.55%. Alphabet’s payout ratio is currently 9.94%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. Westpark Capital upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, April 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Wolfe Research boosted their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Citigroup reduced their price objective on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now directly owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock valued at $21,089,470 in the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.